Daily review of epichlorohydrin: flat trading

[China Epoxy Network (China Epoxy Industry Online) www.
epoxy-e.
cn] February 23, 2010: The domestic epichlorohydrin market is dominated by wait-and-see, and trading is flat.
On the last trading day (February 22), the mainstream transaction price in East China in the mainstream market still remained in the range of 16,000 to 16,500 yuan/ton for the time being.
Market experts from the China Epoxy Industry Association (www.
epoxy-e.
cn) analyzed that the spot market on the day was limited and quiet, some downstream tentative inquiries, and more resistance to high prices, wait and see the implementation of the new prices of suppliers , At present, the manufacturers mainly trade in the previous contract and negotiate the price.
The intermediate merchants are few and most of them leave the market; some manufacturers "unexpectedly" increase after the holiday, further intensifying the market wait-and-see atmosphere, and the inter-factory quotations are uneven and the market has prices.
Less market.
The raw material propylene, supported by downstream polypropylene and high international oil prices, rose slightly by 100-150 yuan/ton.
Despite this, the supply-demand relationship still has a "position" and it is still an important factor affecting the trend of epichlorohydrin.
The downstream demand needs to be recovered and the market is concerned.
The new price is actually implemented.
At present, the major domestic manufacturers-Bohui Chemical and Xinyue Chemical led the increase by 500 yuan/ton, and their quotations reached a new high of 17,500 yuan/ton.
Other manufacturers waited and watched or continued their pre-holiday prices.
The pre-holiday market was more bearish, and some manufacturers had low prices during holidays.
Therefore, the current upward adjustment is actually a contrarian trend.
This adjustment has exacerbated the downstream wait-and-see, resulting in little market prices and little real negotiation.
With the gradual increase in downstream construction after the holiday, the market is concerned about the pace of downstream delivery, and actual negotiations are expected to gradually become clear and pragmatic.

    On the last trading day (February 22), the domestic epichlorohydrin market continued to wait and see.

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